Bombay Durpun - Economy

Vietnam property tycoon on death row awaits appeal verdict

A Vietnamese property tycoon sentenced to death in a multi-billion-dollar fraud case arrived in court Tuesday, as she awaits the verdict of her appeal in one of the biggest corruption prosecutions in history.

Trump says will 'block' Nippon Steel from taking over US Steel

US President-elect Donald Trump on Monday said he would "block" a planned takeover of US Steel by Japanese company Nippon Steel, a deal worth $14.9 billion including debts.

Dressing the Church: one of Rome's last clergyman tailors

With a tape measure around his neck and thimble on his finger, Raniero Mancinelli slides a needle into a black cassock with red piping destined for a Catholic cardinal.

Asian markets mixed after US-China chip move, euro hit by France woes

Asian traders shifted tentatively Tuesday as they battled to track another record on Wall Street owing to fresh China-US worries, while the euro extended losses on concerns of political and economic upheaval in France.

Nepal PM kicks off China visit eyeing investment deals

Nepal's prime minister was in Beijing on Tuesday to meet Chinese leaders, seeking to expand infrastructure cooperation after breaking with the longstanding tradition of new leaders making their first official visit to neighbouring India.

Musk's $55.8 bn Tesla pay deal again rejected by US judge

A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote.

Paris stocks wobble, euro falls on France budget standoff

Paris stocks wobbled and the euro fell Monday as a budget standoff in France fuelled concern about the eurozone's second-biggest economy.

Tens of thousands strike at Volkswagen's Germany plants

Tens of thousands of Volkswagen workers went on strike Monday in an escalating industrial dispute, with unions warning that the crisis-hit German auto giant is intent on making mass layoffs and closing factories.

Stellantis says goodbye to 'performance psychopath' CEO

Carlos Tavares, a self-proclaimed "performance psychopath" who drove auto giant Stellantis with aggressive cost-cutting and high car prices, reached the end of the road as CEO when his strategy hit a dead end.

US unveils fresh export curbs targeting China's chip sector

The United States announced new export restrictions Monday taking aim at China's ability to make advanced semiconductors -- used in weapon systems and artificial intelligence -- as competition deepens between the world's two biggest economies.

Paris stocks waver, euro falls on France budget standoff

Paris stocks wavered and the euro fell Monday as a budget standoff in France fuelled concern about the eurozone's second-biggest economy.

French PM at risk in hostile parliament vote

France's Prime Minister Michel Barnier faced being deposed by a hostile parliament Monday when his government presents a social security financing plan that has the opposition up in arms.

Canal blast sparks new stand-off between Kosovo and Serbia

A blast on a canal vital to Kosovo's water and power supplies has sparked a war of words with Serbia, with fears it could further escalate tensions between the two Balkan nations.

From China woes to EV troubles, VW faces rocky road

As Volkswagen seeks to push through a drastic restructuring with billions of euros in cuts, workers nationwide on Monday kicked off what could be a long wave of industrial action.

Paris stocks, euro fall on France budget standoff

Paris stocks and the euro fell Monday as a budget standoff in France fuelled concern about the eurozone's second-biggest economy.

Thousands strike at Volkswagen's Germany plants

Thousands of Volkswagen workers went on strike Monday in an escalating industrial dispute, with unions warning that the crisis-hit German auto giant is intent on making mass layoffs and closing factories.

Delivery firm Glovo riders in Spain to become employees

App-based food delivery firm Glovo's freelance riders in Spain will be hired as employees following pressure from the government to give them labour contracts, its German owners Delivery Hero said Monday.

Asian stocks rise after China data, Paris equities and euro sink

Markets rose across Asia on Monday with traders cheered by healthy Chinese data, while the euro and Paris stocks tumbled as a budget standoff in France fuelled concerns about the eurozone's second-biggest economy.

France's PM risks tumbling in hostile parliament vote

France's Prime Minister Michel Barnier faces the biggest risk yet of being deposed by a hostile parliament as his government presents Monday a social security financing plan that has the opposition up in arms.

French PM risks tumbling in hostile parliament vote

French Prime Minister Michel Barnier faces the biggest risk yet of being deposed by a hostile National Assembly as his government presents Monday a social security financing plan that has the opposition up in arms.

UN chief defends plastic pollution talks after collapse

The UN environment chief insisted Monday that talks on a landmark plastic pollution treaty were not a failure, saying important progress was made despite negotiations collapsing without agreement.

Asian markets rise as China data provides hope but euro struggles

Equities rose across Asia on Monday following another record day on Wall Street, with traders also cheered by data suggesting China's economic malaise is showing signs of easing.

Thousands to strike at Volkswagen's Germany plants

Thousands of Volkswagen workers were to go on strike Monday in an escalating industrial dispute at the crisis-hit German auto giant with thousands of jobs at stake.

Desertification talks open in Saudi Arabia as experts fire warning

UN talks aimed at halting the degradation and desertification of vast swathes of land start in Saudi Arabia on Monday after scientists fired a stark warning over unsustainable farming and deforestation.

Norway suspends deep-sea mining projects: govt allies

Norway has suspended plans to start giving licences for deep-sea mining next year that had faced opposition from environment groups and international institutions, a party allied with the centre-left government said on Sunday.

'Moana 2' sails to Thanksgiving record with smash N. America opening

"Moana 2," the sequel to the animated Disney musical about a spunky Polynesian teenager who embarks on seafaring adventures, scored a sensational and record $220 million opening over the long Thanksgiving weekend in North America.

VW's German workers to strike from Monday

Workers at German factories for carmaker Volkswagen are to go on strike from Monday over plans to cut thousands of jobs, union IG Metall said Sunday.

US wine merchants urge exclusions from blanket tariffs

As President-elect Donald Trump vows sweeping tariffs on even America's close partners once in office, US wine merchants and restaurateurs are watching with trepidation -- and pushing for exclusions they say will protect small businesses.

US 'Black Friday' online spending put at record $10.8 bn

American consumers spent a record $10.8 billion online during "Black Friday" promotions, with many using artificial intelligence tools to find the best deals, Adobe Analytics announced Saturday.

Kosovo arrests blast suspects, Serbia denies involvement

Kosovo arrested several suspects Saturday after an explosion at a key canal feeding two of its main power plants, while neighbouring Serbia rejected accusations of staging the blast.

Trudeau meets Trump in Florida as tariff threats loom

Justin Trudeau had an "excellent conversation" with Donald Trump at the president-elect's Florida estate, Canada's prime minister said Saturday, as the United States' neighbors scramble to blunt the impact of Trump's trade threats.

Kosovo races to contain blast impact, Serbia denies involvement

Kosovo stepped up security measures around "critical" infrastructure Saturday after an explosion at a key canal feeding two of its main power plants, as neighbouring Serbia rejected accusations it had staged the blast.

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